While it might be a bit frustrating to some as this trend of launching exclusive streaming services seems to be gaining steam (as opposed to the old way of having big outlets like Netflix, Hulu, and Amazon Prime be the home for everything), with the amount of the entertainment world that Disney owns, this streaming service is basically a must-have for everyone.

In the works for the Disney service are a live-action "Star Wars" series, new episodes of the animated "Star Wars" series "Clone Wars", a live-action version of "Lady and the Tramp", and new series related to the "High School Musical" and "Monsters Inc." movies.

Earlier today saw DisneyCEOBob Iger take part in a quarterly earnings call where he discussed the X-Men and Fantastic Four at Marvel. Up until now, after a film hit theaters, it came to digital, then Blu-ray/DVD, and finally streaming services like Netflix. While Disney owns numerous strongest brands in the entertainment industry, the service will also take into account its lower volume of content for the service's yet to be revealed price point.

According to Making Star Wars, new speculation about Jon Favreau's upcoming Star WarsTV series suggests that it will be set on Mandalore three years after the fall of the Empire in Return of the Jedi.

Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the quarter, compared with $2.37 billion, or $1.51 per share, a year ago.

Shares of Disney, which have climbed almost 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45.

Total revenue rose 7% to $15.23bn, driven by box office successes as well as theme parks and resort visits, but missed analysts' $15.34bn forecast.

Disney's consumer products and interactive media division saw revenue dip 8% to $1 billion. In the final minutes of trading on Tuesday, shares hit $116.56 (roughly Rs. 8,000), an increase of nearly 10 percent from a year ago.

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